Chris Budd: How to help clients spend money on financial wellbeing

Experiences not stuff

clock • 4 min read

In his latest column for Professional Adviser, Initiative for Financial Wellbeing (IFW) founder Chris Budd looks at how to help clients spend money to maximise their wellbeing

Clients of financial advisers tend to expect to have conversations about their pensions and investments. Often, after a bit of cashflow forecasting that reveals the client is already on track to financial security, if they have not already achieved it, conversations turn to how they might spend money. So let's take a quick stroll around the subject of how to spend money to be happier. With the caveat that the amount being spent is an affordable amount. Experiences not stuff It's official: retail therapy is a myth. Spending money on buying ‘stuff' gives wellbeing that is short lived...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The paradox of invisible value: How to ensure clients recognise the power of advice in volatile times

The paradox of invisible value: How to ensure clients recognise the power of advice in volatile times

'Investing is not just a technical exercise; it’s an emotional one'

Kate Rainbow
clock 03 August 2026 • 4 min read
The Platforms Association acquires the UK Platform Awards

The Platforms Association acquires the UK Platform Awards

Clive Waller hands over the awards programme

Isabel Baxter
clock 30 July 2026 • 2 min read
FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

Covers advisers, platforms and wealth managers

Sophia Panayi
clock 30 July 2026 • 3 min read